PEDIC Facilitates MOA Signing

January 5, 2021

The Province of Negros Occidental facilitated by the Provincial Economic Development and Investment Center, sealed a partnership through a Memorandum of Agreement with the Negros Women for Tomorrow Foundation, Inc. for the implementation of the Rehabilitation Program for Micro Businesses affected by COVID-19 specially focused in providing Financial Assistance to Micro-Businesses that cannot qualify to access loans from Micro-Financing Institutions within the Province.

The MOA signing between PGNO was represented by Hon. Gov. Eugenio Jose V. Lacson and Atty. Rayfrando P. Diaz II – Provincial Administrator, and NWTF represented by Ms. Suzzette Gaston – Executive Director and Ms. Corazon Henares – Co-Founder.

The project aims to save livelihood and jobs by recapitalizing micro businesses, farmers and fishermen; and to provide financial assistance to the informal micro-business. Local Chief Executives together with their respective Local Economic Development and Investment Promotion Officer and Livelihood Officers also attended the signing and an Orientation was conducted via Zoom.

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PROVINCIAL ECONOMIC DEVELOPMENT AND INVESTMENT CENTER – (PEDIC)

In the interest to harmonize the investment incentives policies of the national government with the development initiatives and priorities of the Provincial and Local Governments of Negros Occidental, the Provincial Investment and Incentives Code of 2014 was created. Through it, the Provincial Investment Board was constituted to regulate and promote investments in the province.

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